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21-10-2022
Business

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havermill company establishes a $370 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated receipts on that date represent $85 for office supplies, $149 for merchandise inventory, and $34 for miscellaneous expenses. the fund has a balance of $30. on october 1, the accountant determines that the fund should be increased by $60. the journal entry to record the increase in the fund balance on october 1 is:

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